Enbridge Inc. is getting ready to ship crude from the oilsands in the first new cross-border oilsands conduit built between Canada and the U.S. in years.
The company is offering 620,000 barrels a day of capacity in its Line 3 oil pipeline in October, according to a notice it sent to shippers. The Line 3 project will replace and older Line 3 that can ship about 390,000 barrels a day. The project is scheduled to go into operation in the fourth quarter, according to an email from Enbridge.
The start of Line 3 is expected to bring relief to Canada’s oilsands producers, who have struggled for years with a shortage of export pipelines as projects face increasing scrutiny from courts and regulators. U.S. President Joe Biden, on his first day in office, rescinded a permit for TC Energy Corp.’s Keystone XL project that would have helped increase shipments of Canadian crude to the U.S. Gulf Coast.
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